Joe Miler

03 May 2023 07:35

— Today at 2:40 AM
@ everyone Dollar Index. Fiber. 1D.

What Do You See?

Joe Miler

03 May 2023 03:59

Hello friends..

Let's have some study..

Joe Miler

29 Apr 2023 10:07

When you know what you are hunting you can be objective and patient... and if the setup does not form... you are unperturbed.

The Fear Of Loss You experience fear because you don't know what you are doing. You don't know yourself, the markets or your methodology. Your first objective is to know yourself & identify how you will likely derail your success early on. This is the barrier most break on.

Once you determine your flaws, you can remedy these with replacement concepts or coping skills. Then you are ready to objectively learn the markets. You want to narrow your focus to one asset & study it intimately & all its characteristics. Journaling repeating behaviours in it.

After copious journaling & note taking via backtesting... you will at that time have a receptive mind & a balanced psyche to pursue a method... or model. This is where many commit career suicide and plunk real money into the markets prematurely and lose $ and the progress made.z

The apt pupil does not rush to risk money without a well written model that is supported with a minimum of 6 months walk forward & success... in demo. Right away I'm turning many of you off... & this is natural selection. The fittest survive here, I won't spare your feelings.

When One has submitted to the process of development... proper development, they can expect results. Low expectations initially that give way to new levels of achievement... but in time. This allows your emotions to be held in check & balance fear and greed in the process.

I do not fear being wrong. I do not fear being stopped out with a loss. I do not fear missing a move. Why? I have trained myself to trust my training & experience will deliver into my hands that which I seek. I trust the setups because I have learned to trust them over time.

So when my student asks me what I do to combat or thwart anxiety in a trade or after taking a loss... I tell them I trust what I know. It has to be experienced through experience or it won't find a satisfying answer to the student. When they experience it, they will understand.

Your fear is rooted on the unknown. You have not been there hundreds of times before... so it is natural to fear a trade is going to lose. One trade or loss does not end a good model. The best models still put Traders into bad trades that result in losing money. Accept it.

When you come to grips with this truth, it liberates you from feeling inadequate. Believe me, these people who pretend online can not trade and they are only distracting you from your personal growth. It is about your results & following the process as long as it requires for U.

- Michael J. Huddleston

Feb. 14, 2020.

Joe Miler

26 Apr 2023 11:20

Dollar Index. Fiber. Cable. 1D.

This is the definition of CRAZYY.
What. If. Then. Statements.

Always stay with your Invalidation levels.

Joe Miler

25 Apr 2023 17:08

Trading is Pain, and you have got to get use to losing and not thinking that means you're making a mistake.

- Rob (DiscoveryTradingGroup)

Joe Miler

25 Apr 2023 09:02

Sound Logic pays. 👍🏽

Joe Miler

25 Apr 2023 08:17

5:06 AM
Fiber. 1D.

Pure beaut. ➰

Joe Miler

25 Apr 2023 08:13

5:04 AM
Fiber. 15m.

Fiber was the more cleaner. Reacted off the daily orderblock I spoke about, and BOOM. Every Discount array supported Price to the upside.

Good stuff.

Joe Miler

25 Apr 2023 08:08

Joe Miler — Today at 4:59 AM
@ everyone Dollar Index. Fiber. 15m.

What Do You See?

Joe Miler

25 Apr 2023 08:00

Hello folks.. Morning my time.

Joe Miler

22 Apr 2023 18:19

Good day Constant Reader...

I hope this day has received you well and in good health.

It is Saturday... once again.

This is the time to reflect on what you learned, albeit via pain or pleasure. Take experience from the enduring of your development... it will serve you well later on.

It feels different at various stages of your learning. Uncertainty will be a resurfacing concern as you discover your unique model... but you can't rush it.

The reason it takes more time to get it, is the individual that you are is very complex. My concepts aren't complex, the letting go of unrealistic growth rates early on is the major hurdle.

The more time you give yourself to develop a confidence in yourself, not me, not what I can or can't do... the better chance you stand.

The submitting to at least 18 months of structured learning and practice in a simulated environment is key. This can't be overstated.

Far too often, students come and sit down with me and think they can just label a chart with a conceptual idea I teach and when their experience is not up to snuff and their casual labeling falls short if what the market is willing to deliver... the ill-prepared student incorrectly assumes the concepts are flawed and they look past their own deficiencies.

That is why 18 months is what I state is the lowest time horizon when endeavoring to learn my craft. You won't see the many opportunities your personality flaws... yes your flaws... will manifest and derail your development and delay your success.

Everyone is human and prone to do it wrong... even me. However, this somehow gets overlooked by excited new students who want to imagine owning the world in a few weeks or months. This is neither practical or realistic.

You need time to experience drawdown, periods of confusion, periods of no trading while markets are in transition states and risk is high. No educators teach like this but me. I do not sugar-coat it and say you will understand this is 3 weeks or months... because you won't.

Like everything in this world, there are varying results and you get what you put into it. How many Tiger Woods are their in golf? Despite the legions of golf enthusiasts that play the game?

Not every golfer will rise to Tiger's greatness but the wise understand they do not need to be like or equal to Tiger to succeed.

Be content with enough and submit to an honest attempt in learning properly.

I seen so many lazy people come through my stable... and when they didn't fix their personal issues, they quit. This is sad, but they were warned and instructed before and along the way... how to train, study and to expect delayed gratification.

Everyone wants the six pack abs but nobody wants to exercise and remove the junk food to get them. Then the regime is slated as scam, fraud or not as described... and they chase another fad diet program.

Never learning, never improving or even giving themselves the proper chance to develop. This is the revolving door of trading.

For 20 plus years I taught for free. My tune has not changed... it is hard to overcome yourself. No matter what snake oil salesmen tell you, there is no short cut or alternative route to getting it.

No indicator nonsense, harmonic, retail silliness - none of that removes the requirement to understanding the financial calendar year. How seasonal impacts affect these markets.

How can a one week boot camp or three month program properly prepare you for that? In short... it can't.

Mental baggage is real and most of us bring lots of it to the trading business. Most can't admit their own flaws or shortcomings and they never make it. They spent thousands in different courses and waste a lot of time... cheating themselves.

Let's be honest Folks...

Trading is easy. It is a question of three options.

1) Do I Buy "this" now?
2) Do I Sell "this" now?
3) Do I sit still right now?

Trading profitably requires a model that comfortably defines what and when... for you, not everyone who sees your model, just "You".

Joe Miler

20 Apr 2023 14:36

Dollar Index. Fiber.
OH MY GOD!! What the??! This is so surreal. Damn it.

Joe Miler

20 Apr 2023 10:44

Joe Miler — Today at 8:20 AM
@ everyone
Hello friends, morning.

Dollar Index. 1h.

Price reacted from the BPR (Balanced Price Range) yesterday into early hours this morning. Nothing solid yet as we are still ranging..

We also have an high impact news on the Dollar Index today, by 1330hrs, GMT+1. Let's see what that gives us. IOF still in place till invalidation, 102.807.

——
Update in the Community this morning.

Joe Miler

19 Apr 2023 16:29

Cable. 4h. 1h.

I have absolutely no words. Feast on this BEAUT.

You can bank on it. 🎶

Joe Miler

19 Apr 2023 16:13

Dollar Index. 1D.

How does it feel when you have a fair share of what Price will do, and it plays out 80-85% of the time?

I'm not first talking about making money.. I'm referring to Sound Logic here, backed with full conviction..

How does it feel?

Describe that feeling..

Joe Miler

03 May 2023 03:59

Dollar Index. Fiber.
Ready?

Joe Miler

29 Apr 2023 10:07

Happy weekend, friends. 👍🏽

Joe Miler

26 Apr 2023 15:50

Fiber. 1W.

Friends...
Now tell me why you won't trust the High timeframe narrative. Just one reason.

Institutional Order Flow > Market Structure.

IOF primarily from your quarterly, monthly and weekly levels.

Journal this.

Joe Miler

26 Apr 2023 11:09

If you have got no nerves, then this field isn’t for you.

Only the strong survives here.

Joe Miler

25 Apr 2023 14:19

Broke people can't be traders. The desperation to make money repels it away from you.

- Rayner Teo

Joe Miler

25 Apr 2023 08:25

— Today at 5:07 AM
Fiber. 1W.

Objectives still same.
If we contracted the whole of last week, what do we expect this week? The weekly volume imbalance is my longterm objective as you all know, with a clear invalidation, which has now shifted to the low of last week.

Joe Miler

25 Apr 2023 08:15

5:05 AM
Dollar Index. 1D.

Contraction-Expansion concept in line with IOF.. Never gets old.

Joe Miler

25 Apr 2023 08:11

5:02 AM
Dollar Index. 15m.

Pure art.
As narrated in the Commentary produced, we had Price did a break of structure in London, and continued lower through till New York. Not your regular Monday, but delivered good. :).

Joe Miler

25 Apr 2023 08:03

As shared in the Community on Discord, a good piece to learn from. Get your study notes..

Joe Miler

22 Apr 2023 18:32

Once you define your trading model, you need to apply sound risk management.

How will you allocate funds to each trade? When will you risk the most? When will you risk the least? When will you move your stop? How will you take partials off if at all?

See how this quickly becomes a "personal" matter and no Teacher can press every student into the same mold. If they could, every student would have the identical results... ask them for that proof.

You can do this, but it requires copious hours of study, Journaling and personal discipline.

The lazy need not apply... I promise you, if you are... you will waste your little time and fail.

Be safe.

As you were...

Joe Miler

20 Apr 2023 14:36

Dollar Index. 30m.

Sound the alarm. I repeat, sound the alarm! Call your family and friends and tell them - Trading isn't for the WEAK!

This is CRAZYY.

Joe Miler

20 Apr 2023 10:45

Dollar Index. 1D.

Overall structure. 👍🏽

Joe Miler

20 Apr 2023 10:37

Dollar Index. Fiber. Cable.
Bank on it! 😎

Joe Miler

19 Apr 2023 16:15

Feasting good in here.. :).

Joe Miler

18 Apr 2023 12:47

Routines.

Never gets old. This particular podcast, I'm listening to it for the 4th time! So much value Bao gave in here.